In this week’s edition of Retire Ready, Chris Heerlein explains why cash, once considered safe money, may not be the best choice for your retirement strategy.
Chris explains that many retirees are taking the bulk of their money into the stock market because its the only place they can really earn money these days. The impending rise of interest rates means bonds will go down and that we should prepare ourselves for lower returns. The days of 5% CDs are gone and likely won’t be back for generations.
“If you’ve been in cash since 2008 and you’ve been sitting there… you’ve made no money,” Chris explains inflation is sneaking up on Central Texans and eating away at their “safe money.”
Chris and his team from REAP Financial lay it all out in a free book called, “The Effect of Interest Rates on Retirement Income.” To get yours, simply send an email email@example.com
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